Location is critical, so look for areas with job growth and strong rental demand.

Tbh, if its really that critical to their argument I would just pay an appraiser for a limited scope appraisal which in my area runs about half price because they don't need to visit the property to do it. 

But renovations and tenant selection are the most critical parts to a successful deal.  

"If all projections are met" is the critical phrase. 

All good points being made about being careful with, and critical of, data. 

Maybe give yourself a break on one facet of the experience and use an experienced agent.

To the seasoned investor, a loan rate of 7.25% versus 7.35% is not the priority when there are other factors far more critical to the success of a rental.  

Really appreciate any advice, feedback, or respectful criticisms!

I agree that the sponsor and alignment of interests are critical.  

Unfortunately, this leads investors to view return of capital as the most critical deal metric and deals that may have better fundamentals which are indicative of long term success are dismissed because 100% return of capital cannot be achieved.